Scandium Canada Ltd. - IMPNF STOCK NEWS

Imperial Mining Group Ltd. (IMPNF) announced the final assay results from its Crater Lake Summer 2022 drilling program. Results included high-grade intersections, such as 378 g/t scandium oxide (Sc2O3) over 24.68 m, and 288 g/t Sc2O3 over 82.57 m. The program confirmed the presence of a new, higher-grade mineralized zone, enhancing the potential for resource development. The reported drill results indicate significant gold-equivalent values of 7.5 to 9.9 g/t Au, with the mineralization remaining open at depth. An updated 43-101 Mineral Resource Estimate is planned to convert Inferred Resources into higher categories.

Imperial Mining Group Ltd. (TSX VENTURE: IPG; OTCQB: IMPNF) has released promising assay results from its Crater Lake project, confirming high-grade scandium intersections. Notable findings include intervals with grades of up to 308 g/t Sc₂O₃, indicating significant mineralization depth and width. The results suggest a potential increase in resource estimates, with gold-equivalent values ranging from 7.3 to 8.8 g/t Au. The drilling program was completed in September, and further resource estimation is planned.

Imperial Mining Group Ltd. (IMPNF) announces successful completion of its Summer 2022 exploration program on the Ta-Nb Target and TG Zone. The program involved 8 drillholes totaling 1,663.0 meters, with promising results indicating potential increases in resource grade and tonnage for the TG North Lobe Deposit. Assays from borehole CL22057 highlighted a significant intersection of 79.7 meters grading 311 g/t scandium oxide. Further results are pending and expected within 8 to 10 weeks.

Imperial Mining Group Ltd. announced the extension of the expiry dates for 12,718,332 share purchase warrants by 12 months to September 10, 2023. These warrants, from a private placement in September 2019, will maintain their exercise price of $0.11 per common share. Approximately 2,050,000 of these warrants are held by related parties, qualifying it as a related party transaction, but exemptions from formal valuation and minority approval have been applied. This extension is pending exchange acceptance.

Imperial Mining Group Ltd. announced the grant of 2,200,000 incentive stock options to directors, officers, and consultants, as per its stock option plan. These options can be exercised at $0.12 per share for five years with no vesting period. A total of 1,250,000 options were allocated to directors and officers. The company is focused on technology metals projects in Québec and is listed on the TSX Venture Exchange as IPG and on the OTCQB Exchange as IMPNF.

Imperial Mining Group Ltd. (OTCQB: IMPNF) has filed a technical report for its Crater Lake Scandium-Rare Earth Project, detailing a Preliminary Economic Assessment (PEA). The study indicates a gross metal revenue of $15.2 billion and after-tax earnings of $6.25 billion. The project's pre-tax net present value is $2.97 billion with a 42.9% internal rate of return. Annual net revenues are projected at $608 million, with capital payback within 2.5 years.

Imperial Mining Group Ltd. (OTCQB: IMPNF) announced significant improvements in scandium and rare earth recoveries from its optimization work. The process shows an 11% increase in scandium recovery (from 85% to 96%) and a 10% rise in rare earth recovery (from 84% to 94%). The company is also mobilizing exploration crews to the Crater Lake property for summer drilling activities, targeting a 2,500m drill program. This work aims to upgrade inferred resources of 13.2 Mt at 264 g/t Sc and explore additional mineralized zones.

Imperial Mining Group Ltd. (TSX VENTURE: IPG; OTCQB: IMPNF) announced the appointment of Ms. Brooke DeLong to its Board of Directors. With over 20 years in the mining industry, DeLong's expertise in strategic communications and governance is expected to enhance community engagement in Imperial's projects. Imperial has granted her 300,000 stock options at $0.075 each, expiring July 5, 2027. The board now includes six members, four of whom are independent.

Imperial Mining Group Ltd. has released a positive Preliminary Economic Assessment (PEA) for its Crater Lake TG Zone Scandium-Rare Earth Element deposit in Quebec. Key highlights include a gross metal revenue of CA$15.2 billion and after-tax net present value (NPV) of CA$1.72 billion. The project exhibits a pre-tax internal rate of return (IRR) of 42.9% and a payback period of just 2.5 years. Over a minimum 25-year lifespan, the operation is projected to yield 110 tonnes of Sc2O3 and significant amounts of rare earth elements. Future exploration aims to upgrade inferred resources and optimize project economics.